Russiad’s Gazprom reports on natural gas exports to Europe in July

Photo ITAR-TASS

MOSCOW, August 1 (Itar-Tass) - Russia’s major producer and exporter of natural gas, OAO Gazprom exported 14.037 billion cubic meters /bcm/ of gas to Europe in July, thus marking a 29% increases versus July 2012 and setting a record in terms of cubic meters per day, the corporation said in a report Thursday.

“In July 2013, Gazprom set a new record of daily exports over a period of five years by exporting 470 million cubic meters. Figures like this one can be seen most typically in autumn and in winter.”

The report also indicated that Gazprom analysts expect the tendency towards an increase of supplies to Europe to persist.

The corporation increased the exports of gas to customers outside the Commonwealth of Independent States by 11.6% from January through to June 2013. It supplied 66.5 bcm of gas there.

Statistics on exports changed in March when Gazprom posted record high rates of growth of Europe-bound deliveries of gas. The volumes exported then went up 33.6% to 12.463 bcm.

Gazprom’s CEO Alexei Miller believes the share of the gas market that the corporation has in Europe will go up to 33%in 2030 and 26% in 2012.